West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1887-12-08
UNITED STATES MINT.
Synopsis or It's Operations During
the Past Fiscal Year

The Director ot the Mint In his onnuai ~
port, says that the value of the gold and sill
yer received at tho mints and as ay Offices
during the year was greater than in any
previous year SiuOi iSSi The Valuc OF
the gold deposited was $0S 22SoI In
addition thcrc wcrc deposits ~ tho valitc VI
SO, lHi, 5Od, making th, total SSS.llG, az,
against So, GOO, ,53L6l in 1856, being AN excess
OF SSi, ,SlO2tI. The value OF the silver de-
posted and PURCHASED was So tAG,ulS. I'm
addition there werc rcdepos.ts ot silver
amounting to ki62 ll3, making the total cal
culatcd at tho coming rate, SiS,2i9,O3i,
against S3i,9l5,Oh ia the preceding year, am
excess OF $lO.3O2,OO
OF the gold deposited $SaQCl.O.5 was OF
domestic production, Se,5Il, ,32S OF foreign
gold hullion, 81, sos so ot foreign cold coin,
S5ld,9Si OF United States gold coin aud 81
@S,2 OF old material. Tho coinage of the
fiscal year was "a follows;
cold. iSGf'',.r,'.". aS$;ao si'; ,a%SaS$ian
Silver tL@l,2>S 3l3b,iS
Minor coins. ....5, lB,jn 1850
Totals .............. .oS, i9e,5i7 S57,7oa. AZ
In addition TO the coinage, gold and silver
bars were manufactured ns follows: Gold,
SS, lSsOb3; silver, $G,ISl,6ll. Total S6i
GiO,jOL
Tho silvor bullion purchased during the
yonr for th' silver dollar coinage wa 20
i3t3i2 standard ounces, of the cost OF S31.-
=
per fine ounce. The number OF sill
yer dollars made was SlSOi, ,S3l.
There were distributed from the mntS dur
ing the year lO,NOl TlS silver dollars aud
lO,5OO, 600 were traus.crr TO The Treasury.
Tho number OF trade dollars rclccmcd by
the Treasury under provisions Of the net OF
March 3, 1897, was 5,6Sl,03i The trade dollars
redeemed have all bccn transferred 20 the
mints or the Assay Office at New York
aud melted into bars ready for coinage
The loss 10y abrasion was iO,2i5. -
standard ounces, equivalent to 1891 TRADE
dollars nm average abrasion of about - i5
grains apiece. III tho trndc dollars re- lccmc1
are coined into subsidiary silver. the profit
Exclusive OF operative wastagc, viii be {Gil -
bi4. IL coined into standard silver dollars,
The Mint at Philadelphia hns lorn taxed TO
! it's utmost capacity to execute tho largo
minor coinage demanded OF it in addition
! 10 tho mandatory coinage OF silver dol
| lars. Notwithstanding the large mum
| ber OF pieces struck 60 1863 10, the
| yond the capacity of the Mint 10 promptly
fiji the orders. The total earnings Of the
mints and assay Offices from all sources dur.
| ing the year amounted to $S,sl2,Sl0, and tho
total expenses and losses Of all kinds 10 ST.
| 437 ,432.
The value OF the gold aud silver bars is.
sued from tho Unitol States Assay Office Mt
| New York aud the Mint at Philadelphia for
use In the industrial arts during the year was
Ss,S95, 40 gold, and $i,47l. GIG silver
The Director estimates the stock of coin
and bullion in the United States on July ],
! 1887, as follows:
Cofn RuIlon
! Gold ld..............S S569 O0S O6j $S1.jI3 go
| Silver..... .N2,5T,9lB 10, 10, $50
Totals .......S9ll ,5i5JSl Sg5, ,gg7, ,g20
The Director estimate, TIA, stock OF gold
and silver coin on Nov. /, 1887, 10 hnVe been